Factcheck: "The wealthiest people in America pay a lot more taxes than the middle class'... (Barack Obama, millionaires)

[sanrene]

So much for obama's garbage bile about the "rich" not paying their fair share.

But we knew all along he was lying. All one has to do is go to the IRS website and look at the numbers.

FACT CHECK: Are rich taxed less than secretaries? - Yahoo! News

WASHINGTON (AP) — President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are.

That's got to hurt - when the media finally gets around to doing their job regarding obama's statements - they find he is not at all honest.

On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

[EinsteinsGhost]

They also make a lot more than the middle class.

[gvsteve]

On average, the rich do pay a higher percentage tax rate. But for some reason those who make their living with dividends and capital gains do not.

In my opinion all forms of income should be treated equally by the government. It shouldn't matter if you make your money through a job or by living off of investments. We should not let professional investors pay lower taxes while requiring people with jobs to pay higher taxes.

[Cletus Awreetus-Awrightus]

According to the article:

There may be individual millionaires who pay taxes at rates lower than middle-income workers.

I don't see what the problem is with what Obama said.

Furthermore, given how many tricks there are for rich people to reduce their AGI, it is stupid to use AGI as a measure of income.

[Frank DeForrest]

Of course all Obamas class warfare is about deflecting away from irresponsible (and criminal ) governance.

[EinsteinsGhost]

To quote Mark Cuban (he is a reasonably rich guy), there should be no special treatment to Capital Gains tax. "Capital Gains" should be treated as income, for tax purposes. Now what? He's a socialist?

[DRob4JC]

Originally Posted by EinsteinsGhost

They also make a lot more than the middle class.

They also risk a lot more than the middle class.

[Majin]

The top 400 earners have an effective tax rate of about 15%.

[Frank DeForrest]

I was never hired to do a job by a poor man.

[gvsteve]

Originally Posted by DRob4JC

They also risk a lot more than the middle class.

I doubt that the rich risk more than the middle class, as a percentage of their income or net worth.